I am waiting for the FTSE to go below 4000. When it goes below this level I will feel more secure about investing my STR fund.
As I am not financially literate I am looking for a simple way to invest, something like a FTSE tracker. I would be very grateful if anybody could offer me any advice on the following questions.
1 Is there a FTSE Tracker that you can buy and sell like a share?
2 What companies provide this service?
3 What are the transaction costs and tax rules on buying and selling FTSE TRackers?
Full Version: Ftse Tracker
Look for iShares plc FTSE 100 (symbol: ISF).
It's an ETF (Exchange Traded Fund), so it's bought and sold like a share, but tracks the FTSE 100. It has a low 0.4% annual management fee. Unlike funds you can buy and sell this almost immediately with most stockbrokers. There is no stamp duty on it either. It also pays dividends (3.57% as of today).
http://www.ishares.eu/fund/fund_performance.do?fundId=157498
Hargreaves Landsdown allow it to be held in an ISA or SIPP. I'd have thought most other stockbrokers allow you to buy this one as well.
There are also lots of other market trackers...
iShares
My SIPP's full of ETFs, they're a great cheap way to build a diverse portfolio.
It's an ETF (Exchange Traded Fund), so it's bought and sold like a share, but tracks the FTSE 100. It has a low 0.4% annual management fee. Unlike funds you can buy and sell this almost immediately with most stockbrokers. There is no stamp duty on it either. It also pays dividends (3.57% as of today).
http://www.ishares.eu/fund/fund_performance.do?fundId=157498
Hargreaves Landsdown allow it to be held in an ISA or SIPP. I'd have thought most other stockbrokers allow you to buy this one as well.
There are also lots of other market trackers...
iShares
My SIPP's full of ETFs, they're a great cheap way to build a diverse portfolio.
QUOTE (DrGUID @ Jul 9 2008, 10:34 AM) 
Look for iShares plc FTSE 100 (symbol: ISF).
It's an ETF (Exchange Traded Fund), so it's bought and sold like a share, but tracks the FTSE 100. It has a low 0.4% annual management fee. Unlike funds you can buy and sell this almost immediately with most stockbrokers. There is no stamp duty on it either. It also pays dividends (3.57% as of today).
http://www.ishares.eu/fund/fund_performance.do?fundId=157498
Hargreaves Landsdown allow it to be held in an ISA or SIPP. I'd have thought most other stockbrokers allow you to buy this one as well.
There are also lots of other market trackers...
iShares
My SIPP's full of ETFs, they're a great cheap way to build a diverse portfolio.
It's an ETF (Exchange Traded Fund), so it's bought and sold like a share, but tracks the FTSE 100. It has a low 0.4% annual management fee. Unlike funds you can buy and sell this almost immediately with most stockbrokers. There is no stamp duty on it either. It also pays dividends (3.57% as of today).
http://www.ishares.eu/fund/fund_performance.do?fundId=157498
Hargreaves Landsdown allow it to be held in an ISA or SIPP. I'd have thought most other stockbrokers allow you to buy this one as well.
There are also lots of other market trackers...
iShares
My SIPP's full of ETFs, they're a great cheap way to build a diverse portfolio.
Any idea why they only pay a divi of 3.57% when FTSE 100 yield is 4.66% (according to BBG)?
QUOTE (Noel @ Jul 9 2008, 03:03 PM)
Any idea why they only pay a divi of 3.57% when FTSE 100 yield is 4.66% (according to BBG)?
Perhaps one figure is the historic dividend and the other is the current or estimated yield.
QUOTE (pppeter @ Jul 9 2008, 10:37 PM)
Perhaps one figure is the historic dividend and the other is the current or estimated yield.
This was my intitial thought, but Bloomberg inform me it is the current
Not sure why the dividends differ. Although to be honest if you're keen on dividends you probably shouldn't be buying the FTSE 100. There are several iShares ETFs that have high yielding stocks in them (e.g. IUKD with 7.65%), but they're not much fun to buy in a bear market 
.
Anyways, I'm not sure you'll find anything else with such low charges. Although there are quite a few cheap tracker funds, it's usually a hassle to buy and sell at a specific price, so they're useless for short term trading.
.Anyways, I'm not sure you'll find anything else with such low charges. Although there are quite a few cheap tracker funds, it's usually a hassle to buy and sell at a specific price, so they're useless for short term trading.
QUOTE (DrGUID @ Jul 9 2008, 10:34 AM)
Look for iShares plc FTSE 100 (symbol: ISF).
It's an ETF (Exchange Traded Fund), so it's bought and sold like a share, but tracks the FTSE 100. It has a low 0.4% annual management fee. Unlike funds you can buy and sell this almost immediately with most stockbrokers. There is no stamp duty on it either. It also pays dividends (3.57% as of today).
http://www.ishares.eu/fund/fund_performance.do?fundId=157498
Hargreaves Landsdown allow it to be held in an ISA or SIPP. I'd have thought most other stockbrokers allow you to buy this one as well.
There are also lots of other market trackers...
iShares
My SIPP's full of ETFs, they're a great cheap way to build a diverse portfolio.
It's an ETF (Exchange Traded Fund), so it's bought and sold like a share, but tracks the FTSE 100. It has a low 0.4% annual management fee. Unlike funds you can buy and sell this almost immediately with most stockbrokers. There is no stamp duty on it either. It also pays dividends (3.57% as of today).
http://www.ishares.eu/fund/fund_performance.do?fundId=157498
Hargreaves Landsdown allow it to be held in an ISA or SIPP. I'd have thought most other stockbrokers allow you to buy this one as well.
There are also lots of other market trackers...
iShares
My SIPP's full of ETFs, they're a great cheap way to build a diverse portfolio.
Thanks for the info. Sorry I could not reply earlier as my internet connection was down.
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